$ETH continues to trade as predicted. After holding $1750 and a brief relief rally back to $2000 Ethereum has broken lower the the $1550 support level. As stated in the previous chart I believe this will hold for short-term support but I do see high risk of another breakdown after a brief relief rally. $1400 serves as the next strongest area of support. The...
Ethereum did exactly what we predicted in the previous post and experienced a drawdown to around $1750 support. This sets $ETH up for a potential relief rally back up to $2000 which is what I expect potentially over the weekend. That said, ETH is in a precarious position and if $1750 doesn't hold we could see a near-term drawdown to $1550. That will be my next...
Continuing to use the same Ethereum chart that has served us well, ETH looks poised to break current weak support around $1950. Rallies above $2K have not been sustained confirming the weak short-term outlook. I place around 75% odds that we experience a breakdown to around $1750 support in the next 5 days. $1750 is an accumulation point for me in my long-term ETH...
The entire crypto market is in panic mode today. The news has been utterly terrible particularly with the collapse of $LUNA and the $UST stablecoin. Ethereum is testing the January lows around $2175-$2200. This level needs to hold. If Ethereum cannot gain footing here it's a high likelihood it will test the psychological $2000 level. Given the extreme oversold...
Ethereum performed exactly how I expected so I'm keeping with the same chart. Last I said that while testing the $2400 level it would likely take a fast dip to the Jan lows between 2100-2200 and that's pretty much how it played out. From here I believe Ethereum is likely to see range-bound consolidation between $2400-$2600.
Continuing to use the same chart. As predicted, Ethereum broke down below $2650 but before I had time to update the chart also broke $2500 support. ETH is testing the January low at this time. In my opinion ~2400 should prove to be strong support although I do feel like we could have a very fast drawdown to $2000-$2100 to test the intraday lows in January. That...
Keeping with the same chart Ethereum price is playing out how we expected. It breached 2775 support after a brief rally yesterday and is now testing the $2650 support. 75% odds that ETH tests $2500 support before a relief rally.
Let's keep it very simple. We're still using the same Ethereum chart and it's playing out exactly according to prediction. Bears are currently challenging the $2775 support as ETH continues in its downtrend. I've added an interim support around $2650 and believe with about 75% confidence ETH will test this level.
Ethereum has experienced a significant technical breakdown since hitting a near-term high between $3500 and $3600. The good news is that within the recent weakness ETH has been able to hold the $2775 support line. The price action is in a steep decline, however. Through the 2nd half of 2022 I am very bullish on ETH for fundamental reasons. In the near-term I...
Ethereum has breached $3000 support to trade back into the 2775-3000 range. This chart was simply updated to show new support levels lower. Previously we predicted Ethereum would trade in this range. Warning: If $2775 doesn't hold ETH could risk a retest of support around $2400.
Bitcoin appears to be in a slight up-channel. The lower support was preserved yesterday without a breakdown. My current (although cautious) expectation is that BTC will continue to move in the channel with ~$48K being upper resistance.
Well that didn't last long. The $3k support didn't hold but Eth has caught some support around $2970. Graphed my short term prediction here. We're being put in a rather precarious spot by the bears.
Our $ETH chart is holding up better than the price. ETH seems to be testing all the levels of support we put in place. My hope is for some short consolidation here then a move back up to test the $3200 area which is now resistance. I am cautious here although I did add to my ETH bag around $3040.
The $ETH support/resistance chart we created is holding up nicely. ETH is trading in a tight range between ~$3200 and $3250. It is going to break one way or another. If it can significantly break $3250 resistance that will set up a move to the ~$3400 resistance.
Updated the daily chart to predict $Sol will test the $101 support level. $117 was breached significantly in today's weakness therefore negating the previous prediction.
Solana nearly broke down below the $117 support but has managed to climb above it on the daily chart. If the crypto market as a whole can stabilize and not risk further downside I believe $SOL can begin to consolidate within the channel and my prediction can play out.
Our chart on $SOL is holding up well. As expected, $SOL came back down and touched the ~$117 support. I've added a line for the next support around $100 - Not a prediction it goes there yet. I added to my $SOL bag between $117 and $118.
